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Ninjaskills
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November 19, 2015, 04:17:37 AM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
yeah bitcoin could be used to fund terrorists, and highly confidential, whoever that fund terrorists ? |
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magemist
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November 19, 2015, 04:27:33 AM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
yeah bitcoin could be used to fund terrorists, and highly confidential, whoever that fund terrorists ? This is why these countries want to initiate bans because "they believe" that bitcoin is highly confidential. This of course is a misconception and the heads of those countries need to be educated in it's use. |
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Harry Hood
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November 19, 2015, 04:39:35 AM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
It'll be easy to explain away - bitcoin is akin to cash and the US Dollar is used to pay for many crimes around the world, certainly terrorism. But no one is calling for the US Dollar to be banned. |
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Amph
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November 19, 2015, 08:48:38 AM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it |
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JeWay
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November 19, 2015, 11:26:55 AM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it Yeah that's make sense, governments don't have power to Ban Bitcoin so they ask some help to the media. |
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PAKYU
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November 19, 2015, 12:12:20 PM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it Yeah that's make sense, governments don't have power to Ban Bitcoin so they ask some help to the media. yet another conspiration theory come out. government and media have no power to ban bitcoin. so keep quiet and hold your coins. |
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Slark
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November 19, 2015, 01:12:19 PM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it Yeah that's make sense, governments don't have power to Ban Bitcoin so they ask some help to the media. There is little that can be done about direct banning core elements of bitcoin network which is p2p bitcoin trading. But don't forget about satellite bitcoin services which can be pretty much destroyed by governments regulations. |
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electronicfactura
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November 19, 2015, 01:21:51 PM |
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Governments are afraid and can not make everything transparent as they have to do lot of things under the table and Bitcoin is light in darkness which on blockchain shows everything clear and wide.Transparency of spending funds is what makes the governments afraid and they are banning and banned Bitcoin in some countries.
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Slark
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November 19, 2015, 01:30:27 PM |
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Governments are afraid and can not make everything transparent as they have to do lot of things under the table and Bitcoin is light in darkness which on blockchain shows everything clear and wide.Transparency of spending funds is what makes the governments afraid and they are banning and banned Bitcoin in some countries.
This argument would be true only true if bitcoin network was meant to use by governments. Then of course - transparency of their own transaction could be scary and bitcoin will be ban worthy. But it is people who are using bitcoin, so this is not the case imo. |
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makcik
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November 19, 2015, 02:18:23 PM |
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Bitcoins have excellent privacy system, so no one can even trace your transactuons. And this is the reason its used for illegal purposes. It's used for crime, it's used for gambling, porn industries.
And countries which are against all these things have banned bitcoins so that illegal things don't happen in country.
The fault here is of these people who use it wrongly.
But, common people are the sufferers.
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Ninjaskills
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November 21, 2015, 05:25:10 AM |
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With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
yeah bitcoin could be used to fund terrorists, and highly confidential, whoever that fund terrorists ? This is why these countries want to initiate bans because "they believe" that bitcoin is highly confidential. This of course is a misconception and the heads of those countries need to be educated in it's use. one reason is bitcoin be banned, because it is too anonym it can be good and can be bad, depending on who is using |
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BeGoods
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November 21, 2015, 05:29:56 AM |
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Vladimir putin Reveals That ISIS Is Funded by 40 Countries, maybe including fund with bitcoin, who know ? |
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ajun96
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November 21, 2015, 05:33:08 AM |
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I think it is because bitcoin is harder to track and hence represents two main problems for any country: 1. Tax evasion (which I do not think is wrong, but for our countries certainly it is) and 2. It potentially being used by criminals and to buy illegal stuff (drugs, human body-parts, etc.). It also represents a threat to any local currency and governments of course do not want that.
yeah bad picture of bitcoin, money laundering, tax evasion, and the threat to a country's currency What could, in the future of bitcoin legalized? |
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YoonYeonghwa
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November 21, 2015, 07:16:28 AM |
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Vladimir putin Reveals That ISIS Is Funded by 40 Countries, maybe including fund with bitcoin, who know ? Definitely fake news. Cash is still the main source of getting fund. My reason is that ppl there are speculating bitcoin and there is a lot of risks associated with that. |
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marty123
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November 21, 2015, 10:21:35 AM |
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Bitcoin is there to disrupt the pattern of how an economy works in a country and many of the countries are just too scared that they wont be able to make the black money minting that they currently do. Many high government officials are the biggest crooks in the world. In the wise words of Aesop " We hang the petty thieves and appoint the great ones to public office." Bitcoin is here to disrupt how money is used in a country and the world economy and these crooks are just scared.
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Surge_PR
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November 21, 2015, 10:38:43 AM |
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Bitcoin is hard to regulate thats what countries fear. They want control.
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LiteCoinGuy
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In Satoshi I Trust
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November 21, 2015, 10:43:32 AM |
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Really insightfull picture, im going to show this to my friends, but what is the meaning of unknown? they dont permit or say it is illegal at all, just like a legal void? they dont give a shit about it and dont know about it. ut the pic a little bit old (from 2014). countries like argentina already made some statements.  |
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iv4n
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November 21, 2015, 11:03:23 AM |
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As I see it many legal authorities are still struggling to understand the cryptocurrency. They have concerns about bitcoin and probably its hard for them to understand how the cryptocurrency fits into existing system. Some of countries als trying the way how to contol it. So answer on your question depends from country to country. We are still early on in the game, and in some time , after many ups and downs, bitcoin will be accepted everywhere.
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DiamondCardz
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November 21, 2015, 11:07:19 AM |
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Simply because it poses a threat to the currency issued by the government and may, in their eyes, undermine it. It's banned for the exact same reasons as the Liberty Dollar was banned (though arguably the Liberty Dollar did impersonate USD a bit). Yes, it's wrong and a massive violation of freedom to ban Bitcoin, but yes, it still happens.
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BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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